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Technology Stocks : Trading TAVA

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To: Hawkmoon who wrote (344)	5/13/1998 10:56:00 AM
From: Copeland	Read Replies (1) of 655

Yeah, I was a little surprised to see TAVA fall under 12 3/4 as well yesterday. I knew that there would be some profit taking after earnings, but this was a big, big surprise. The announcement declaring NMS status in a few days really came at the wrong time and made this stock far more volatile than it should have been. What I'm more interested in is whether or not a few more brokerages have registered to become TAVA MMs. If so, a lot of the drop probably came at the expense of the little guy, confused or even spooked by the earnings announcement, giving up his shares to furnish them with inventory at fire sale prices. Oh, well. C'est la vie. We should be back at 13 by week's end, although this stock will be bumped around a bit by daytraders cashing in their 11 1/2 shares in the 12s. I'm enjoying the little banter on the main TAVA thread. I couldn't really care less how their CDs are doing; 6-8 million a month in consulting work alone is incredible and more big-name clients clearly appear to be on the horizon. We shouldn't lose sight of this, despite all the recent negativity.

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